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The Volkswagen brand at a glance

Key figures - Volkswagen Passenger Cars Brand

Key figures - Volkswagen Passenger Cars Brand

Press releases

  • 07/30/21

    Volkswagen and TraceTronic establish neocx – a joint venture for automated software integration

    Volkswagen is strengthening its expertise in the integration of automotive software. At present, high-performance automotive functions can only be achieved by networking many individual software and hardware components. Integrating these components and testing the resulting assembly is a key development task for Volkswagen. As part of its ACCELERATE strategy, Volkswagen is seeking to grow automotive software integration and the digital customer experience as core competencies. The company has therefore established a joint venture with TraceTronic, a world-leading provider of solutions to test and integrate automotive software. Each partner holds 50 percent in the joint venture, named neocx, which will create a continuous integration/continuous testing (CI/CT) factory.
  • 07/30/21

    Volkswagen posts a strong first half

    Volkswagen finished the first half of 2021 on a successful note thanks to efficient crisis management, strict cost discipline and systematic implementation of its ACCELERATE strategy. Despite the coronavirus pandemic and the semiconductor shortage, the number of vehicles delivered worldwide rose to around 2.7 million – 500,000 more than in the previous year. This increase was partly achieved through smart warehouse and supply management. Market share was also expanded in nearly all regions. Sales revenue climbed by 42 percent year-on-year to EUR 40.7 billion on the back of significant growth in sales volume (H1 2020: EUR 28.6 billion). Earnings improved by EUR 3.3 billion year-on-year to around EUR 1.8 billion, giving an operating return on sales of 4.4 percent.
  • Volkswagen Group raises outlook for 2021 after a record result in the first half of the year

    The Volkswagen Group continued its positive business performance and posted a record result despite challenging conditions in the first half of 2021. This positive development was driven in particular by the premium brands Audi and Porsche and by Volkswagen Financial Services. The impacts of the Covid-19 pandemic and global shortage of semiconductors were successfully contained. There was high customer demand for the Group’s attractive model range as markets continued to recover. As a result, deliveries increased by 27.9 percent to 5.0 (3.9) million vehicles over the weaker prior-year period, which was impacted by the pandemic. Sales revenue even rose more strongly by 34.9 percent to EUR 129.7 (96.1) billion. The operating result was EUR 11.4 (first half of 2020 before special items: EUR –0.8) billion, far exceeding the previous record of EUR 10.0 billion (before special items) from the pre-crisis year 2019. The operating return on sales was therefore at a strong 8.8 (first half of 2020 before special items: –0.8) percent. The higher earnings were mainly due to increased vehicle sales, improvements in the product mix and prices as well as positive effects from the valuation of raw material hedges. One-off restructuring expenses of EUR 0.7 billion had a negative impact. Work on ongoing fixed cost programs was vigorously pursued. The Automotive Division generated a very high adjusted net cash flow of EUR 12.3 (–2.3) billion and thus again demonstrated the great efficiency of its business model. The Division’s net liquidity rose further to a very solid level of EUR 35.0 billion. The acquisition of Navistar and its financial impact are not included in the figures. As a result of the extremely good business performance in the first half of the year, the Volkswagen Group has raised the outlook for its operating return on sales for full year 2021 by 0.5 percent to 6.0 to 7.5 percent.
  • Consortium of Volkswagen Group, Attestor Limited and Pon Holdings B.V. to launch takeover offer for Europcar

    The Volkswagen Group is taking a major step forward in its NEW AUTO strategy to become a leading provider of individual mobility in the electric and fully connected age. In a consortium with London-based asset manager Attestor Limited and Dutch mobility provider Pon Holdings B.V., Volkswagen agreed to launch a recommended takeover offer for Europcar Mobility Group (“Europcar”). Europcar is the leading mobility service and rental car company in Europe with over 3,500 stations across 140+ countries and a fleet of over 350,000 vehicles in 2019, serving over 5 million customers per year. The minimum acceptance threshold for the takeover offer is 67% and existing shareholders holding 68% in Europcar have committed to accept the takeover offer.
  • Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2020

    The Annual General Meeting of Volkswagen Aktiengesellschaft took place today online for the second time due to the Covid-19 pandemic. The shareholders voted by a majority of 99.99 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay the same dividend as in the previous two years of 4.80 EUR per ordinary share and 4.86 EUR per preferred share for fiscal year 2020. As in fiscal years 2018 and 2019, approximately 2.4 billion EUR will therefore be distributed to shareholders. The resolution on the formal approval of the actions of the members of the Board of Management and the Supervisory Board who held office in 2020 was passed.
  • CEO Herbert Diess at the Annual General Meeting: “With NEW AUTO, we will reinvent Volkswagen”

    The Volkswagen Group considers itself well equipped for a zero-emission and autonomous future of mobility. “With our NEW AUTO strategy, we will reinvent Volkswagen by 2030," said CEO Herbert Diess at the virtual Annual General Meeting of the Volkswagen Group. "The cars on our roads will be sustainable, safe, smart and ultimately autonomous within the next ten years. Individual mobility has a bright future. With our strong brands and global technology platforms, we have a clear plan to play a leading role in the new world of mobility, too.”
  • Volkswagen Group more than doubles deliveries of all-electric vehicles in first half year

    The Volkswagen Group has continued its successful electric offensive in the first half of 2021. The following new BEV models were launched in this period: Volkswagen ID.4, Volkswagen ID.6, ŠKODA Enyaq iV, Audi Q4 e-tron, Audi Q4 Sportback e-tron, Audi e-tron GT and Porsche Taycan Cross Turismo. In total, 170,939 BEV models were delivered throughout the world up to the end of June, more than twice as many as in the prior-year period (+165.2 percent). After 59,948 BEV had been delivered to customers in the first quarter (+78.4 percent compared with the previous year), deliveries increased significantly, as planned, in the second quarter to 110,991 units (+259.7 percent compared with the previous year). In the course of the year, the BEV ramp-up will further accelerate thanks to the expanded model range. The Group has also consistently expanded its portfolio of PHEV models. This vehicle category benefits from considerable customer demand, too. In the first half of the year, a total of 171,300 PHEV were delivered, more than three times as many as in the prior-year period (+204.2 percent).
  • NEW AUTO: Volkswagen Group set to unleash value in battery-electric autonomous mobility world

    Volkswagen presented its plan for transforming the Group into a software-driven mobility company with a strong focus on its powerful brands and global technology platforms, providing synergies and scale as well as opening up new profit pools. “We set ourselves a strategic target to become global market leader in electric vehicles – and we are well on track. Now we are setting new parameters,” said CEO Herbert Diess during the presentation of NEW AUTO, the Group’s strategy through 2030. “Based on software, the next much more radical change is the transition towards much safer, smarter and finally autonomous cars. That means for us: Technology, speed and scale will matter more than today. The future of cars will be bright!”
  • Start of goTOzero weeks – Volkswagen Group invites employees around the world to environmental events

    Decarbonization, energy, environmental compliance, biodiversity, water, waste and the circular economy – these are the topics of the Volkswagen Group “goTOzero weeks,” a new series of environmental events that is starting today and will be held through November in the company’s brands, regions and departments. The Group-wide campaign is designed to share information and promote cross-brand networking among the Volkswagen Group employees. The program will include events, talks by experts and many digital workshops and information programs provided by the brands Volkswagen, Audi, SEAT, ŠKODA, Bentley, Porsche, Volkswagen Commercial Vehicles, Volkswagen Group Components, the China region and various departments. The company’s production facilities will be a driving force behind the Volkswagen Group’s transformation into a carbon neutral company. Their use of renewable power will be a critically important element in the company’s entire decarbonization strategy.
  • NEW AUTO - Mobility for Generations to Come

    The presentation of the new Group strategy 2030 will be broadcast live on Tuesday, July 13th 2021, from 13:30pm CEST.
  • Volkswagen’s Supervisory Board welcomes new Group strategy – New service contract for Chairman of the Board of Management Dr. Herbert Diess

    Dr. Herbert Diess will stay at the helm of the Volkswagen Group until October 2025. On Friday, the Supervisory Board of Volkswagen AG approved a new service contract with a corresponding term. This means that Dr. Diess will remain the Chairman of the Board of Management until his 67th birthday. The Supervisory Board was also informed of Strategy 2030 on Friday, and sees this strategy as the basis for future growth.
  • Volkswagen AG announces preliminary figures for the first half 2021

    The deliveries to customers of the Volkswagen Group continued to recover strongly in the first half of the current year, leading to a very strong Group turnover as well as a very high operating profit. Also the reported Automotive net cash position showed a very positive development. The bottleneck in semiconductors has shifted and will rather impact us in H2.
  • 07/06/21

    Focus on customers: Volkswagen appoints Chief Experience Officer

    Volkswagen is continuing the consistent implementation of its ACCELERATE brand strategy and is creating the framework for strengthening the integrated customer experience in the age of digital mobility. A newly created project unit will serve as the interface to all relevant divisions and regions and establish a holistic user experience management system. Customer requirements and feedback will become the focal point for developing vehicles and services throughout the life cycle. The goal is to create a best-in-class customer experience at every point of contact with the Volkswagen brand. Dr. Markus Kleimann, formerly responsible for the G3 series (mid- and full-size), will head the new unit.
  • 07/05/21

    New functions and greater comfort: Volkswagen launches Over-the-Air Updates for the ID. family

    Volkswagen is taking the next big step towards becoming a software-oriented mobility provider: from this summer, the brand will regularly send software updates “Over-the-Air” to models in its ID. family. This makes Volkswagen the first and only high-volume manufacturer to make this innovative technology available to its customers on a broad basis. The first model to benefit is the ID.3: the latest software version “ID.Software2.3” will be delivered to “First Movers Club” customers via mobile data transfer in July 2021. The update includes adjustments and improvements to operations, performance and comfort. Updates for all ID.3, ID.4 and ID.4 GTX customers will follow gradually. In the future, Volkswagen will update the software in its ID. cars every twelve weeks.
  • 06/22/21

    New dealership concept Volkswagen R

    Powerful and self-confident – Volkswagen’s premium performance brand showcases itself at dealerships with an independent and expressive highlight presentation.
  • 06/18/21

    Volkswagen plans to use new 3D printing process in vehicle production in the years ahead

    Volkswagen is pressing ahead with the use of innovative 3D printers in car production. For the first time, the newest process – known as binder jetting – is being used to manufacture components at the company’s main plant in Wolfsburg, Germany. Whereas conventional 3D printing uses a laser to build a component layer by layer from metallic powder, the binder jetting process uses an adhesive. The resulting metallic component is then heated and shaped. Using the binder jetting component reduces costs and increases productivity – for example, the components weigh only half as much as those made from sheet steel. Volkswagen is currently the only car maker using this 3D printing technology in the production process. “Despite the ongoing challenges of the coronavirus pandemic, we’re continuing to work on innovation,” says Christian Vollmer, member of the Board of Management of the Volkswagen Brand responsible for Production and Logistics. “Together with our partners, we aim to make 3D printing even more efficient in the years ahead and suitable for production-line use.”
  • Astypalea: Kick-off for transformation to smart, sustainable island

    Astypalea is on course to become a smart, sustainable island. The first electric vehicles, including the first fully electric police car in Greece, were taken into service today in the presence of Prime Minister Kyriakos Mitsotakis, Volkswagen CEO Herbert Diess and Deputy Foreign Minister Kostas Fragogiannis. The first public and private charging points were also inaugurated. The event marked the launch of the transition to full electrification on Astypalea. In the coming years, the island wants to switch to smart sustainable mobility and completely modernizing its energy system. Volkswagen and the Greek government signed a memorandum of understanding to this effect last November.
  • 05/26/21

    Volkswagen launches sales offensive for the German market

    Volkswagen intends to durably improve its good position in Germany in a strong competitive environment with a three-year boost program. Up to the end of 2023, the company will be investing a triple-digit million-euro figure in the expansion of digital and showroom sales in the German market. “Germany is our home market. We will be providing a further significant boost to sales here and will be making Germany a model for other markets, also with respect to digitalization,” says Klaus Zellmer, Board Member for Sales, Marketing and After Sales at Volkswagen. “With ACCELERATE, we intend to make Volkswagen the most attractive brand for sustainable mobility. This also includes an excellent customer experience during the purchasing, leasing or servicing of a Volkswagen. We want to set standards in this area.”
  • 05/21/21

    70 years ago today: Volkswagen receives its first Advisory Board

    The first Advisory Board of Volkswagenwerk GmbH was constituted on May 22, 1951 as instructed by the German government. The Advisory Board is seen as the predecessor of the Supervisory Board, which superseded the Advisory Board in August 1953 in accordance with the provisions of the Company Constitution Act adopted in 1952. In Wolfsburg, the appointment of the Advisory Board was welcomed as the “first step towards the normalization of conditions.”
  • A boost for the digital age – Programming school “42 Wolfsburg” starts operations

    Non-profit coding school “42 Wolfsburg” will start operations on May 11 with 170 students from over 30 countries. As early as next year, up to 600 students will be trained to be software developers at the Markthalle in Wolfsburg. “42 Wolfsburg” is the latest offshoot of the talent factory “42” founded in Paris in 2013. The innovative educational model of the worldwide “42” network relies on new, creative forms of IT training without admission restrictions, professors or lectures. Volkswagen is supporting “42 Wolfsburg” with EUR 3.7 million in the first year and a further two million euros annually in the following years. The goal is to “break new ground in IT education so that graduates have all the tools they need to creatively shape the future of zero-emission, digital mobility,” said Volkswagen Board Member for Human Resources Gunnar Kilian and Ralph Linde, Head of Volkswagen Group Academy & President of 42 Wolfsburg e.V., in Wolfsburg on Monday. Other partners of “42 Wolfsburg”, in addition to SMEs and civil society organizations such as the ReDi School for refugees, include Porsche, Microsoft, Google and Red Hat.
  • 05/07/21

    Successful start to the new fiscal year for Volkswagen

    Volkswagen has got off to a successful start in 2021 despite the global shortage of semiconductors and restrictions due to the coronavirus pandemic. Sales revenue in the first quarter grew by 5.4 percent to EUR 20 billion. Following the pandemic-related drop to EUR 481 million in the previous year, operating profit increased sharply to EUR 900 million and was thus almost at the level of the pre-crisis year 2019. The operating return on sales likewise rose sharply to 4.5 percent (previous year: 2.5 percent). Volkswagen CEO Ralf Brandstätter: “We’ve managed to carry over the momentum from the second half of 2020 into the new year – despite the continuing challenges posed by the pandemic and the global shortage of semiconductors. The increases in all key performance indicators show that our ACCELERATE strategy and rigorous cost management of the past months are gaining traction. On the basis of that, we’ll systematically continue to drive our transformation with a focus on e-mobility and digitalization.”
  • Strong first quarter for Volkswagen Group

    The positive business development of the Volkswagen Group in the second half of 2020 continued in the first quarter of this year. This resulted in strong financial performance with significant improvements over the weaker prior-year period that was impacted by the pandemic. Some key figures even came in above pre-crisis levels from the first quarter of 2019. Successful management of the Covid-19 pandemic and semiconductor shortages, along with recovery in the markets, were key to this positive development. As a result, sales revenue increased by 13.3 percent to a high level of EUR 62.4 billion. Operating profit soared compared to the prior-year level to 4.8 (0.9) billion. The higher earnings were mainly due to increased unit sales, improvements in the product mix, positive effects from the valuation of raw material hedges and initial success from the fixed cost reduction program. One-off restructuring expenses of EUR 0.4 billion had a negative impact. The Automotive Division underscored the robustness of its business model with a high adjusted net cash flow of EUR 5.5 (–1.5) billion. The Division’s net liquidity rose to a very solid level of EUR 29.6 billion. The Volkswagen Group raised the outlook for its operating margin for full year 2021 to 5.5 to 7.0 percent. It was previously 5.0 to 6.5 percent.
  • 05/05/21

    Press shop expansion: Volkswagen reduces the number of truck journeys to Zwickau e-location by 9,000

    Volkswagen officially inaugurated the press shop expansion in its electric car plant in Zwickau. As of now, the complete outer skin for the six electric models produced in Zwickau will be pressed on site. The €74 million investment will enable further gains to be made in reducing the carbon footprint of the ID.3 and ID.4. The effect is remarkable: more than 9,000 fewer direct truck journeys each year from now on for body manufacturing and thus annual savings of 5,800 tonnes of CO2. This will create 60 new jobs in the factory. The official opening was attended by Minister President of Saxony, Michael Kretschmer, in the company of Christian Vollmer, member of the Board of Management with responsibility for Production and Logistics for the Volkswagen brand, Dr Stefan Loth, Chairman of the Board of Management of Volkswagen Saxony and Jens Rothe, Chairman of Volkswagen Saxony’s Central Works Council.
  • Volkswagen Board discusses decarbonization plan with independent Sustainability Council

    At their first joint meeting this year, Volkswagen Group Board of Management and the independent Volkswagen Sustainability Council discussed the Group’s decarbonization plan and activities. The Sustainability Council called in particular for an even stronger discussion on Volkswagen Group’s corporate purpose to provide CO2 neutral mobility for all, together with a clearly defined end date for internal combustion engines. During the discussion, both sides agreed on a more thorough ESG (Environmental Social Governance) reporting system, and to commission an additional study on socially responsible workforce transition. The firm commitment of Volkswagen to the EU Green Deal also includes the demand for more green energy, faster exit from fossil energy production, rapid expansion of charging infrastructure, and new rules for state aid to strengthen the transformation and decarbonization of industry and production sites. The nine-member Sustainability Council has been advising Volkswagen on strategic issues relating to sustainability and social responsibility since 2016.
  • 04/29/21

    Way to Zero: Volkswagen presents roadmap for climate-neutral mobility

    At the first Way to Zero Convention, Volkswagen today gave details of its plans for decarbonizing the company and its products. The company intends to be net carbon neutral by 2050 at the latest. A new interim milestone is the targeted 40-percent reduction in CO2 emissions per vehicle in Europe by 2030 – substantially outperforming the Group target of 30 percent (baseline: 2018). As a result, an average Volkswagen would emit around 17 tons less carbon dioxide. As well as accelerating the transition to e-mobility, the production (including supply chain) and operation of electric cars is to be made net carbon neutral. Added to this is the systematic recycling of the high-voltage batteries from old electric vehicles.
  • Start of construction of new electric car plant in China

    Volkswagen Group China has begun construction of an all-new MEB plant at Volkswagen Anhui recently. As the third of the Group’s pure-electric vehicle manufacturing facilities in China, following completion of the Anting (SAIC VW) and Foshan (FAW-VW) plants, the Volkswagen Anhui plant will be powered by green energy from day one. Due for completion mid-2022, the plant is set for start of production in the second half of 2023. The plant is another cornerstone of Volkswagen’s global e-mobility push. By 2025, Volkswagen Group China plans to deliver up to 1.5 million new energy vehicles (NEVs) per year.
  • Volkswagen builds supply chain efficiency through industry-wide data exchange

    The Volkswagen Group will be a founding member of the Catena-X Automotive Network. The union, which currently consists of 25 partners from the fields of business and science, is pursuing the goal of creating uniform standards for the flow of data and information in the automotive value chain. This should serve as the basis for a digital ecosystem in which automobile manufacturers and suppliers, dealer associations as well as technology suppliers can take part. Volkswagen expects the cross-company, secure and antitrust law compliant data exchange to result in new opportunities for increased efficiency and transparency for production and supply chains.
  • Bernd Osterloh appointed as TRATON SE’s new Executive Board member with responsibility for human resources

    TRATON SE has filled the position of Executive Board member with responsibility for human resources, which has been vacant since last year. Bernd Osterloh, the current Chairman of Volkswagen AG’s General and Group Works Councils, will take up the position from May 1, 2021. TRATON SE’s Supervisory Board passed a corresponding resolution earlier today.
  • 04/21/21

    SUV offensive in China: Volkswagen reveals 6 new cars at Auto Shanghai, including 3 world premieres

    Volkswagen continues to diversify its portfolio in the Chinese market. Six highlight cars – including three world premieres – will be presented at Auto Shanghai (April 21–28, 2021). Five of them will be SUVs, like the fully-electric ID.6 X and ID.6 CROZZ models.
  • 04/17/21

    E-offensive in China continues to gain momentum: World premiere of the ID.6

    The Volkswagen brand is driving its electrification offensive in China at full speed. The third model in the ID. family, the ID.6, has now been unveiled at the Auto Shanghai. Two versions of the fully electric family SUV are available: The ID.6 CROZZ is being manufactured in the north of China and the ID.6 X in the southern part of the country. The multi-variable all-round model has room for up to seven people. The ID.6 is a continuation of Volkswagen’s regionalisation strategy and is another important step towards becoming the most sought-after brand for sustainable mobility in China.
  • Powerful battery systems from Braunschweig: Volkswagen Group Components fires up the next production stage

    The Volkswagen Group Components plant in Braunschweig is significantly expanding its production of battery systems for the latest electric vehicle generation. Following the first expansion stage with a maximum capacity of 250,000 battery systems, the second expansion stage has started up with the same capacity. This means that once the site is fully ramped up it will now be able to fit up to 500,000 batteries a year for models based on the modular electric drive matrix (MEB) ‒ in this case for the fully electric Volkswagen ID.3 and ID.4, as well as the ŠKODA ENYAQ iV, which should soon be quietly and powerfully cruising the streets of Europe with a battery heart from Braunschweig. In addition to that, up to 100,000 battery systems for the beloved models e-up!, SEAT Mii electric, ŠKODA Citigoe iV and as well as for hybrid vehicles such as the Volkswagen Golf GTE.
  • 03/26/21

    Volkswagen delivers first ID.4 in Germany

    Today, the first customers in Germany collected their fully electric Volkswagen ID.4 vehicles. The cars were handed over simultaneously in the delivery centers at the Transparent Factory in Dresden and the Autostadt in Wolfsburg. Thousands of other customers are due to follow, with the company planning to deliver around 150,000 ID.4 vehicles worldwide this year. By the end of February, 23,500 orders had already been received for this model across Europe – despite the fact that many car dealers were closed and ahead of the actual market launch in Germany.
  • 03/23/21

    New Chief Strategy Officer at Volkswagen

    Andreas Walingen, currently head of Group Product Strategy, will become Chief Strategy Officer of the Volkswagen Passenger Cars brand effective May 1, 2021. In this function, he succeeds Michael Jost, who is leaving the Volkswagen Group to devote time to his own projects. In addition to leading Group Strategy Product, Michael Jost also holds the position of Chief Strategy Officer of the Volkswagen brand.
  • 03/17/21

    Volkswagen lays the foundations for success in 2021

    Volkswagen again invested heavily in future technologies in 2020, spending a total of EUR 2.7 billion during a year overshadowed by Covid-19. The brand is thus laying the foundations for getting its new ACCELERATE strategy off to a successful start. The first milestones will be achieved this year. Volkswagen anticipates a big e-mobility push, with over 450,000 electric vehicles being delivered to customers in 2021, more than double the 2020 figure. Digitalization is being continuously driven forward and Volkswagen will reach the first customers with its business model 2.0 by the summer: testing with subscription models and optional additional functions on demand will begin in six German cities. The brand also expects this to generate hundreds of millions of euros in revenue over the coming years. Online vehicle sales will also start in the summer.
  • Volkswagen Group set to use platform model for issues of the future

    The Volkswagen Group is stepping up the pace of its transformation into the leading provider of individual mobility in the electric and fully connected age. To this end, the Group will systematically enhance its successful platform strategy. In future, vehicles and services of all Group brands are to be based on largely standardized technical foundations. The Group’s new platform roadmap has four elements: Hardware, software, batteries and charging, as well as mobility services. This is how the Volkswagen Group will reduce complexity, leverage economies of scale and synergies between brands, and generally accelerate the Group’s transformation, which has already begun. In order to secure the investments in future technologies, the Group will continue to focus its core business and strengthen its financial foundation.
  • Volkswagen drives forward its transformation

    Management and the works council have drawn up a set of guidelines specifying additional components for driving forward the Group’s transformation in the current fiscal year. The measures agreed will make an important contribution to disciplined cost management, the key drivers being freezing the size of the workforce at the January 2021 level and an extensive retirement package. It was also decided to open up partial retirement to employees born in 1964 as announced as part of the digital transformation roadmap, to reopen partial retirement for the 1961 and 1962 birth cohorts, and to additionally launch an early retirement program for the 1956 to 1960 birth cohorts.
  • 03/05/21

    Project Trinity: With high range, extremely short charging times and revolutionary production, the sedan will launch in 2026

    Volkswagen is giving a first design preview of Project Trinity: The electrically powered sedan is to be built in Wolfsburg from 2026 and will set new standards in terms of range, charging speed and digitization – and will be able to drive highly automated according to Level 4.
  • 03/05/21

    Volkswagen is accelerating transformation into software-driven mobility provider

    Volkswagen is accelerating its transformation into a software-driven mobility provider. By rolling out the ACCELERATE strategy that it has just unveiled, the company will systematically prepare for the profound changes in the automotive industry in good time. Just as Volkswagen resolutely led the way with its global electric offensive, now it is also accelerating the other big issues of the future: integration of software into the vehicle and the digital customer experience will become crucial core competencies. In implementing data-based business models, the company is seeking to attract new groups of customers and tap additional sources of income. Volkswagen also will make autonomous driving available to many people before the end of the decade. “E-mobility was just the beginning: the real disruption has yet to come. With our strategy we will ACCELERATE towards the digital future,” said Ralf Brandstätter, CEO of Volkswagen. “In the coming years, we will change Volkswagen as never before.”
  • 03/03/21

    Volkswagen strives for digital leadership – the ID. Family will be launched with regular “Over-the-Air“ updates in 2021

    Volkswagen ID.3 and ID.4 models in Europe can now receive new functions and in-depth technical updates via W-LAN or mobile network.The customer's vehicle always remains at the cutting edge of digital developments with the so-called "Over-the-Air" updates. The software version ID.2.1, which establishes the technical prerequisites for "Over-the-Air" updates, is automatically included with all new ID. models produced since calendar week 8.
  • Dr. Arno Antlitz succeeds Frank Witter as Group CFO from April 1, 2021

    Dr. Arno Antlitz, currently member of the Board of Management of AUDI AG for Finance and Legal Affairs, is to succeed Frank Witter as the Group Board of Management member responsible for Finance at the earlier date of April 1, 2021. The Supervisory Board already announced the change last December. As is known, Witter’s contract expires at his own request at the end of June 2021, an earlier changeover was already intended in December. Witter will continue to serve the company in an advisory capacity until then to ensure the best possible transition. He will present the Group’s annual financial statements at the Annual Media Conference.
  • Data-driven innovations to combat climate change: Volkswagen and Microsoft Deutschland choose the most innovative sustainability project

    The 10toGO thinkathon hosted by Volkswagen AG and Microsoft Deutschland has been won by the Pina team from Munich, which will receive funding of €100,000 for its sustainable forestry project. Microsoft and Volkswagen will also support the project with digital infrastructure and expert advice. As part of their joint 10toGO initiative, Volkswagen AG and Microsoft Deutschland aim to provide help in kick-starting sustainable, data-driven innovations that address selected areas of the 17 United Nations Sustainable Development Goals.
  • 02/25/21

    New app for the current Golf: Football fans can always stay on the ball with “We Score”

    Wouldn’t it be great to never again miss a goal scored by your beloved football team – even when you’re driving? This dream scenario for many football fans is now a reality in all new Golf from the 2020 model year onwards: The free “We Score” app delivers live football updates into the vehicle’s cockpit! Users can pre-set three clubs and one national team, and follow their favourites in all competitions. Along with live scores – which football fans will recognise from smartphone apps – standings and football news are also displayed in the app. All this information can also be read out using the “text-to-speech” function.
  • Volkswagen Group is officially reinstated as a participant of the UN Global Compact

    The UN Global Compact has confirmed the reinstatement of the Volkswagen Group as a participant. After a five-year break, the Group thereby returns to the world’s largest corporate sustainability initiative. The main grounds for this decision was the Volkswagen Group’s completely rebuilt compliance and integrity policy as a result of the successfully concluded monitorship supervised by the US Department of Justice. The Group’s ambitious climate protection program was also welcomed positively. By 2025, the Volkswagen Group plans to cut its CO2 emissions over the life cycle of its passenger car portfolio by 30 percent compared to 2015 and aims to be climate-neutral by 2050. In 2016 Volkswagen also appointed an independent Sustainability Council.
  • Volkswagen Group teams up with Microsoft to accelerate the development of automated driving

    Volkswagen Group further strengthens its capabilities in the development of automated driving (AD) solutions. The Group’s software company Car.Software Organisation will collaborate with Microsoft to build a cloud-based Automated Driving Platform (ADP) on Microsoft Azure and leverage its compute and data capabilities to deliver automated driving experiences even faster at global scale. With ADP running on Azure, Car.Software Organisation will increase the efficiency of the development of advanced driver assistance systems (ADAS) and AD functions for passenger cars across Volkswagen Group brands. Volkswagen and Microsoft have been strategic partners on the Volkswagen Automotive Cloud since 2018, which will span all of Volkswagen's future digital services and mobility offerings.
  • 02/02/21

    Even more boost for the Volkswagen electric offensive: World car ID.4 now on the way to the world markets

    Volkswagen’s electric offensive continues to gain momentum: Following the presales of the special edition ID.4 1ST that have already taken place, presales of additional ID.4 models will now also start by mid-February in around 30 European countries including Germany, as well as in the USA. Deliveries to customers are to begin as soon as March in in the European, Chinese and US markets.
  • 01/29/21

    ID.3 starts series production: The Transparent Factory in Dresden to become the home of the Volkswagen ID.

    The Transparent Factory in Dresden began series production of the fully electric ID.3 today. This makes it the second production site for the ID.3 and already the fourth site in the world producing Volkswagen models based on the Modular Electric Drive Toolkit (MEB). At the same time, Volkswagen is opening a new chapter in the Saxon capital: Over the coming years, the former “Center of Future Mobility” will steadily transform into the “Home of the ID.”
  • Transforming old into new: Volkswagen Group Components commences battery recycling

    Today, Volkswagen Group Components opened the Group’s first plant for recycling electric car batteries in Salzgitter. As pilot operation commences, the Volkswagen Group takes another committed step towards sustainable end-to-end responsibility for the entire value chain of the electric vehicle battery. The aim is the industrialised recovery of valuable raw materials such as lithium, nickel, manganese and cobalt in a closed loop together with aluminium, copper and plastics, achieving a recycling rate of more than 90% over the long term.
  • 01/27/21

    Volkswagen remembers the victims of the Holocaust

    Today, on the occasion of Holocaust Remembrance Day, Volkswagen remembered the victims of National Socialism with a silent wreath-laying ceremony at its Wolfsburg plant. In view of the current situation and in accordance with the appropriate rules, CEO Herbert Diess, HR Board Member Gunnar Kilian, Plant Manager Rainer Fessel and Works Council Coordinator Ulf Günther laid a wreath at the memorial stone on Südstraße at the Wolfsburg plant on behalf of the workforce.
  • United against antisemitism and racism: Five German companies send a strong signal ahead of International Holocaust Remembrance Day

    Borussia Dortmund, Daimler, Deutsche Bahn, Deutsche Bank and Volkswagen together with the Freundeskreis Yad Vashem e.V. announced a joint declaration against antisemitism and racism during an online commemoration event.
  • Volkswagen AG announces preliminary figures for the business year 2020

    Despite the ongoing unprecedented Covid 19 situation, the Volkswagen AG has proved to be quite robust in the second half of 2020. The deliveries to customers of the Volkswagen Group continued to recover strongly in the fourth quarter and even exceeded the deliveries of the third quarter 2020, leading to strong Group turnover. Also the reported Automotive net cash position showed a very positive development.
  • 01/21/21

    Volkswagen Passenger Cars over-fulfils European CO2 fleet targets for 2020

    Based on preliminary figures, Volkswagen Passenger Cars has exceeded the ambitious European CO2 fleet targets for 2020 and produced around six million grams fewer CO2 than required by law. The passenger car fleet of new vehicles in the European Union achieved average CO2 emissions of 92g/km – the legal CO2 target for the brand was 97g/km. As a result, CO2 emissions fell by 22 percent compared to the previous year.
  • (Updated on 04/22/2021) E-offensive gains traction: Volkswagen Group significantly reduces CO2 fleet average in the EU

    Wolfsburg, January 21, 2021 – The Volkswagen Group’s e-offensive is gaining traction: deliveries of electric models in the EU including the UK, Norway and Iceland increased more than fourfold in the year now ended to a total of 315,400 electric vehicles (2019: 72,600). The proportion of battery electric vehicles (BEVs) and plug-in-hybrids (PHEVs) in the total deliveries rose to 9.7 percent (2019: 1.7 percent). The Volkswagen Group is thus the clear market leader in the all-electric segment in Western Europe, accounting for a share of around 25 percent (2019: 14 percent). The main drivers of this development were the Volkswagen Passenger Cars and Audi brands, which overfulfilled their CO2 fleet targets largely due to the successful start-up of their ID.3 and e-tron electric models. Based on preliminary figures, the Volkswagen Group thus reduced the average CO2 emissions of its new passenger car fleet in the EU by around 20 percent compared with 2019 to 99.9 g/km in 2020. The emissions of Bentley and Lamborghini are measured individually, which is why they are not included in this figure. In anticipation of narrowly missing the target for the CO2 pool established jointly with other manufacturers by around 0.8 g/km, the Group had recognized provisions at an early stage to avoid any impact on fourth-quarter earnings.
  • Volkswagen Group strengthens quality assurance – Frank Welsch to lead the new unit

    The Volkswagen Group has strengthened and simultaneously reorganized its quality assurance. To this end, Frank Welsch will become the new Head of Group Quality Management and Strategy as of February 1. In this function, he will report directly to the Chief Executive Officer of the Volkswagen Group, Herbert Diess. Thomas Ulbrich will succeed Welsch as Chief Development Officer of Volkswagen Passenger Cars.
  • 01/19/21

    New member of the Board of Management for Development at Volkswagen Passenger Cars

    Thomas Ulbrich, member of the Board of Management for Mobility at Volkswagen Passenger Cars, is to become member of the Board of Management for Development as of February 1. He will succeed Frank Welsch in this role, who is taking over as Head of the realigned Group Quality Assurance. Following the successful market entry of the first MEB-based vehicles, the tasks of the board-level management function for electric mobility managed by Thomas Ulbrich will be transferred back to the areas of responsibility of the respective divisions.
  • Volkswagen Group strengthens market position in 2020 and hits the ground running in e-offensive

    The Volkswagen Group handed over 9,305,400 vehicles to customers worldwide in 2020, a decrease of 15.2 percent year-on-year due to Covid-19. In December, deliveries were down just 3.2 percent on the same month of the previous year, while in the fourth quarter they declined by a total of 5.7 percent. This meant that the Group slightly expanded its global passenger car market share in 2020 amid a declining overall market. Despite the Covid-19 pandemic, the Group’s e-offensive with a large number of new models met with keen in-terest from customers in the year now ended and resulted in deliveries of approximately 231,600 all-electric vehicles, more than three times the volumes delivered in 2019. Plug-in hybrids were also very popular with customers, who purchased 190,500 units (+175 per-cent). In Western Europe, the share of electric vehicles therefore surged to 10.5 percent of overall deliveries (2019: 1.9 percent).
  • 01/12/21

    Volkswagen brand triples deliveries of all-electric vehicles in 2020

    Volkswagen Passenger Cars has hit the ground running in the transition to electric mobility. “2020 was a turning point for Volkswagen and marked a breakthrough in electric mobility,” said Ralf Brandstätter, CEO of Volkswagen Passenger Cars. Last year, the brand delivered more electric vehicles worldwide than ever before, handing over more than 212,000 electric cars in total (+158 percent versus 2019), including nearly 134,000 battery electric vehicles (+197 percent versus 2019). “We are well on track to achieve our aim of becoming the market leader in battery electric vehicles,” Brandstätter continued. “More than any other company, we stand for attractive and affordable e-mobility.”
  • 01/08/21

    The Golf once again the favorite car of Germans and Europeans in 2020

    It’s full speed ahead for the icon of the Volkswagen Passenger Cars brand, the Golf, since all eight derivatives were made available in the fall of 2020. Last year it was once again the top-selling car in Europe with around 312,000 deliveries The Wolfsburg figurehead was once again the top-selling car in Germany last year, too, with around 133,900 deliveries to customers. “In 2020 the Golf is still exactly where it belongs,” says Ralf Brandstätter, CEO of Volkswagen Passenger Cars.
  • 12/23/20

    Phasing out the e-Golf: Volkswagen prepares to launch the ID.3 at the Transparent Factory in Dresden

    The Volkswagen e-Golf is history: Today the last vehicle rolls off the production line at the Transparent Factory in Dresden. With the e-Golf in Uranogrey, a total of 50,401 vehicles have been manufactured in Dresden since March 2017. At the beginning of the new year 2021, the production area of the Transparent Factory will be reconstructed for three weeks before the first ID.3 series vehicles roll off the assembly lines in Dresden at the end of January.
  • 12/22/20

    75 years ago in Wolfsburg: Start of series production of the Volkswagen Beetle

    On December 27, 1945 the serial production of the Volkswagen Limousine (Type 1) got started. This was the real beginning of the success story of the Volkswagen. The model had originally been planned as a prestige project of the National Socialists. But from 1939 onwards the Wolfsburg plant had produced armaments instead of vehicles. Up to the end of World War II, only 630 units of the model, which had been renamed “KdF-Wagen” in 1938, left the Volkswagen plant. It was only under British trusteeship that the unique success story of the VW Beetle began at Wolfsburg thanks to the strategic vision of Major Ivan Hirst.
  • 12/17/20

    Beetles in boxes: 70 years of CKD car exports by Volkswagen

    Since 1950, the Volkswagen Passenger Cars brand has been exporting vehicles dismantled into individual parts in order to assemble them in the destination country. This approach is referred to as “completely knocked down” (CKD). Initially, the approach was to open up new markets; nowadays, CKD also ensures supplies to Volkswagen’s global production network – and is a key factor in sales. To date, about 200 million vehicles have been exported to countries throughout the world. About 3 million further vehicles or parts are added every year. The first vehicle to be assembled from individual parts supplied in a box was the legendary Beetle.
  • Volkswagen Supervisory Board agrees on management positions and reorganisation of Group Board – stronger focus on costs planned

    During its meeting today, the Supervisory Board of Volkswagen AG dealt extensively with the Together 2025+ strategy and, in connection with this, a realignment of personnel. The Board unanimously resolved to give its full support to the strategy, in particular the orientation of the company towards electromobility and digitalisation. This results in the following realignment of personnel resolved by the Supervisory Board:
  • 12/11/20

    Production failure of supplier due to corona: Volkswagen has to cut back production at main

    The Volkswagen Passenger Cars brand is cutting back production in some areas at the Wolfsburg plant from next Monday (night shift). Component supply sections of the Volkswagen Group Components plant at Brunswick are also affected.
  • Volkswagen inaugurates R&D center for e-mobility in China

    Anhui province is to be transformed into a new center of competence and e-mobility hub for the Volkswagen Group in China. As a first step, today saw the inauguration of a new Research & Development center at the company’s facilities in Hefei. At the same time, the joint venture JAC Volkswagen was renamed as Volkswagen (Anhui) Automotive Company Limited. With a 75 percent stake in the joint venture, Volkswagen takes over management control at Volkswagen (Anhui). The company’s future products will be based on the Group’s Modular Electric Drive Matrix (MEB), with plans for a step-by-step expansion of local R&D competence in the localization of MEB-based derivatives, and the aim of capitalizing on global synergies. The first vehicle is expected to roll off the Anhui production line in 2023.
  • Change at the helm of Group Communications: Nicole Mommsen succeeds Peik v. Bestenbostel

    Nicole Mommsen is to be the new Head of Global Group Communications at Volkswagen. In her future function, she will be responsible for the entire communications of Volkswagen Aktiengesellschaft and will report to CEO Herbert Diess. Nicole Mommsen succeeds Peik v. Bestenbostel, who will hand over this function with effect from January 1, 2021 and leave the company as part of a planned retirement arrangement. Nicole Mommsen joined Volkswagen from Goldman Sachs this August and has since headed Corporate Communica-tions.
  • 12/01/20

    Pooling strengths for the electric offensive: Integration of Volkswagen Motorsport GmbH in Volkswagen AG

    The Volkswagen brand is pooling strengths for the transformation to the mobile electric era. The brand is terminating its motorsport activities as part of the company’s realignment and further focusing. The Volkswagen Motorsport GmbH workforce will be integrated in Volkswagen AG.
  • Volkswagen Group commences climate-friendly MEB production at Foshan and Anting plants

    Volkswagen Group has entered a new era of e-mobility in China with the premiere just three weeks ago of the first two China-specific models from the completely new, electric-only ID. family – FAW-Volkswagen’s ID.4 CROZZ and SAIC VOLKSWAGEN’s ID.4 X – built on the innovative MEB platform. With market entry in early 2021, production of these two models has already started at MEB facilities in Foshan and Anting, which together have a combined total planned annual capacity of 600,000 units. This will enable the Group to increase the share of electric vehicles in its product portfolio to 35% by 2025. By 2023, Volkswagen will offer eight models of the ID. Family in China, the world’s largest NEV market which plays a crucial role in the Group’s global e-mobility strategy.
  • Fuel from waste: Volkswagen powers car freighters with used oil from restaurants

    The Volkswagen Group continues to force the pace of climate protection: in future, Volkswagen Group Logistics will be using certified fuel from vegetable residues for certain new car shipments via marine routes. The fuel is produced from materials such as used oil from restaurants and the food industry. The first car freighter was re-fuelled for the first time with this oil in mid-November 2020 and a second ship is due to follow at the beginning of 2021. “We are the first automaker to make widespread use of this fuel. This way, we reuse waste oil in an environmentally compatible way. With 85 percent lower CO2 emissions than with conventional fossil fuels, the contribution to climate protection is enormous,” says Thomas Zernechel, Head of Volkswagen Group Logistics.
  • Volkswagen engages in improving working conditions in artisanal cobalt mines in the Democratic Republic of Congo

    As a responsible company, Volkswagen is actively engaging in improving artisanal cobalt mining conditions in the Democratic Republic of Congo as well as the living conditions for people in the surrounding communities. Cobalt is an important raw material for the production of electric vehicle batteries. Artisanal mining involves risks to the environment and people. Volkswagen has joined the “Cobalt for Development” initiative and is thus supporting efforts to minimize these risks.
  • Production of electric drives begins in China

    Volkswagen Group Components reinforces its position as a key supplier of central electric vehicle components for the brands and joint ventures of the Volkswagen Group in the most important market for electric mobility. With immediate effect, the Chinese components factory in Tianjin will be producing the APP 310 drive on the modular electric drive matrix (MEB). This component will be used in the Volkswagen ID.4 variants produced by the joint venture partners FAW (ID.4 CROZZ) and SAIC (ID.4 X). The Group’s future MEB models for China will also be supplied locally. The main factory for electric drives at Volkswagen Group Components in Kassel produces the APP 310 motor for current and future MEB models in Europe and North America.
  • Volkswagen Group raises investments in future technologies to EUR 73 billion

    The Volkswagen Group is pressing ahead with its transformation into a digital mobility company. As decided in Planning Round 69, the Group will spend around EUR 73 billion on electrification, hybrid powertrains and digital technology over the next five years. This was announced following today’s Supervisory Board meeting. Investments in Capex and R&D for future technologies will be raised to 50 percent from 40 percent of the Group’s total investments of around EUR 150 billion. Investments in digitalization will double to EUR 27 billion by mid-decade, reflecting the Group’s strong focus on building up software capabilities. Approximately EUR 35 billion will be spent on battery-electric vehicles. A further approximately EUR 11 billion has been earmarked for the development of hybrid vehicles of existing models.
  • Volkswagen Group and Greece to create model island for climate-neutral mobility

    The Volkswagen Group and Greece have agreed to establish a groundbreaking mobility system on the Mediterranean island of Astypalea. To that end, the current transport system on the island will transition to electric vehicles and renewable power generation. In the long run, Astypalea will become a model island for climate-neutral mobility. A memorandum of understanding to this effect was signed in Wolfsburg and Athen today by Konstantinos Fragogiannis, Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness, and Dr. Herbert Diess, CEO of the Volkswagen Group. New mobility services such as vehicle sharing or ridesharing will help reduce and optimize traffic. Energy will be primarily generated from local green power sources such as solar and wind. The project initially will run for six years.
  • 10/30/20

    Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook

    After the pandemic-related slump in the first half of the year, business performance at the Volkswagen Passenger Cars brand recovered noticeably in the period from July to September. With 1.5 million vehicles delivered worldwide, the core brand of the Volkswagen Group delivered almost as many vehicles to customers in the third quarter of 2020 as in the prior-year period (– 2.7 percent). In the period from January to September, however, deliveries still decreased by 18.6 percent. The gradual recovery is also reflected in the brand’s financial key performance indicators: Sales revenue amounted to EUR 47.2 billion after nine months, down 27.9 percent on the previous year. After the first six months of the year, a 35.3 percent drop had been recorded. With an operating result before special items of EUR 522 million, the brand was back in positive territory in the third quarter. The nine-month operating result before special items improved accordingly to EUR –1.0 billion (first six months: EUR –1.5 billion).
  • Volkswagen Group returns to profitability

    The Volkswagen Group’s business was heavily impacted by the Covid-19 pandemic in first nine months of 2020, but recovered noticeably in the third quarter. This means that the declines in deliveries, sales revenue and profit as of the end of September were significantly more moderate than at the half-year mark. The countermeasures initiated worldwide to cut costs, secure liquidity and decrease the funds tied up in working capital had as much of an impact as the continuing improvements in the situation in key sales markets. Deliveries to customers in the first nine months of 2020 fell by 18.7 percent year-on-year, to 6.5 (8.0) million vehicles. As a result, sales revenue, too, decreased by 16.7 percent to EUR 155.5 (186.6) billion. Thanks to a return to a clearly positive result in the third quarter, the operating result before special items amounted to EUR 2.4 (14.8) billion as of the end of September. The significant year-on-year decrease was primarily attributable to the decline in the sales volume due to the sharp fall in customer demand, especially in the second quarter. Other factors were negative effects of the fair value measurement of derivatives to which hedge accounting is not applied and exchange-rate effects. They were set against a non-cash gain on the contribution of Autonomous Intelligent Driving (AID) into the autonomous driving joint venture with Ford. Special items relating to diesel weighed on the operating profit with EUR –0.7 (–1.3) billion. Earnings before tax decreased to EUR 2.3 (14.6) billion, marking a clear return to positive territory. Automotive Division: Net cash flow turns positive again, significant increase in net liquidity
  • 10/21/20

    Note to editors: Change at Volkswagen Communications

    Change at Volkswagen Communications: Stefan Voswinkel (44) is to become Head of Product and Technology Communications of the Volkswagen Passenger Cars brand with effect from January 1, 2021. He succeeds Florian Urbitsch, who has left the company. In this function, Voswinkel will report to Robin Aschhoff, Head of Communications of the Volkswagen Passenger Cars brand. Until the end of the year, Christoph Adomat, currently Head of Technology Communications, will manage Product Communications in addition to his other duties.
  • 10/19/20

    Happy birthday K70! The quiet game changer turns 50

    “Love the VW K70 – because it opens up a new VW era”this was the advertising slogan used for the launch of the Volkswagen K 70 50 years ago. With a water-cooled front engine, front-wheel drive and modern styling, the mid-sized sedan actually did usher in a new era at Volkswagen.
  • Volkswagen Group invests in automation for Emden, Hanover and Chattanooga plants

    The Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands are working flat out on the transformation to the e-mobility era and the conversion of plants to e-mobility. The Volkswagen brand has now ordered more than 1,400 robots from Japanese manufacturer FANUC for its production facilities at Chattanooga (USA) and Emden. Volkswagen Commercial Vehicles has ordered a further 800 robots for its Hanover plant from ABB of Switzerland. The robots are to be mainly used for body production and battery assembly. The three plants are currently being prepared for the production of electric cars using highly advanced facilities. From 2022, the ID.4 is to be produced at Chattanooga (USA) and Emden, while the model known under the show car name of ID. BUZZ is to roll off the production line at Hanover.
  • Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2019

    The Annual General Meeting of Volkswagen Aktiengesellschaft took place today online for the first time due to the Covid-19 pandemic. The shareholders voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay the same dividend as last year of 4.80 EUR per ordinary share and 4.86 EUR per preferred share for fiscal year 2019. As in 2018, approximately 2.4 billion EUR will therefore be distributed to the shareholders. The resolution on the formal approval of the members of the Board of Management and the Supervisory Board who held office in 2019 was passed by 94.33 percent of the shareholders represented at the Annual General Meeting.
  • Annual General Meeting: Volkswagen confirms outlook for 2020 and underscores future investments

    The Volkswagen Group today confirmed its outlook for 2020 and underscored the planned future investments despite the COVID-19 pandemic. “In both 2019 and 2020, we took significant steps towards becoming a leading provider of electric, digital mobility, achieving important milestones”, Group CEO Herbert Diess said at the virtual Annual General Meeting of Volkswagen Aktiengesellschaft. “The transformation of the Group is not being held back by corona, but accelerated by it.” The Group plans to invest €33 billion in e-mobility by 2024 and aims to become the market leader in battery-electric vehicles. A further important success factor is the new VW.OS operating system that is being developed by Car.Software.Org and will be used for the first time in Audi’s Artemis project. €14 billion alone will be invested in building IT expertise and in autonomous driving by 2024. “The fact that the car will develop into a fully networked mobility device in the next ten years will be much more far-reaching than the transformation of propulsion”, Diess said. Volkswagen expects the upward trend to continue for the remainder of the year and confirmed the outlook for a positive operating result for 2020.
  • 09/25/20

    Volkswagen and Uber launch pilot project with electric vehicles in Berlin

    Yesterday, Volkswagen together with the intermediation platform Uber, launched a pilot project for the utilization of electric vehicles within the sustainable ride hailing service “Uber Green”. Within the framework of a virtual event, Uber hire car partners informed themselves about the background and possibilities of the cooperation. With the e-Golf, they now have a locally zero-emission alternative from the Volkswagen model portfolio available in Berlin. The objective of the pilot project is to use a number of year-old e-Golf vehicles which may run into three digits. Volkswagen has already been using the e-Golf successfully for its own car sharing service We Share since 2018.
  • 09/15/20

    New Board Member for Sales, Marketing and After Sales at Volkswagen Passenger Cars brand

    Wolfsburg – Klaus Zellmer, previously President & CEO of Porsche Cars North America Inc., becomes Board Member for Sales, Marketing and After Sales at the Volkswagen Passenger Cars brand effective September 15, 2020. He succeeds Jürgen Stackmann who will leave the Volkswagen Group.
  • 08/25/20

    Range record: ID.3 makes the journey from Zwickau to Switzerland on a single charge

    The new Volkswagen ID.3 has set its first range record: The electric car covered the 531 kilometers from Zwickau to Schaffhausen (Switzerland) on a single charge. Officially, the model has a range of up to 420 kilometers (WLTP). This mark was topped by more than 100 kilometers – an increase of 26 percent. The vehicle was a series production ID.3 1st Pro Performance with a 58 kWh battery built at the Zwickau electric car factory. The route to Switzerland consisted entirely of public roads and highways, passing cities such as Bayreuth and Ulm. The record-breaking vehicle was driven by “hypermiler” Felix Egolf, a native of Switzerland. The term “hypermiling” originated in the USA and refers to driving a series production vehicle with techniques that maximize efficiency and minimize consumption.
  • 08/20/20

    Volkswagen steps up electric offensive: Series production of ID.4 begins in Zwickau

    Volkswagen’s electric offensive continues to gather speed: Series production of the brand’s first all-electric SUV, the ID.4, gets underway in Zwickau. The world premiere of the ID.4 follows at the end of September. Volkswagen is thus underscoring its ambition to become the world market leader in e-mobility. To this end, the Group is investing some €33 billion in the period to 2024, €11 billion of which have been earmarked for the Volkswagen brand. The brand expects to produce 1.5 million electric cars in 2025.
  • 08/04/20

    Volkswagen helps South Africa in the battle against Covid-19

    Volkswagen Group South Africa (VWSA) has donated protective equipment to clinic employees to the provincial health ministry to better equip health care facilities in Nelson Mandela Bay to fight the Covid-19 pandemic. In addition, the company and the National Health Laboratory Service (NHLS) set up a laboratory for molecular virology within 18 days and optimized the processes there to increase test capacities.
  • 08/03/20

    Volkswagen opens vehicle assembly facility in Ghana

    Volkswagen is expanding its footprint in Sub-Saharan Africa with the official opening of a vehicle assembly facility in Accra, Ghana. With this engagement, Ghana becomes the fifth Volkswagen vehicle assembly location in Sub-Saharan Africa; the other locations are in South Africa, Kenya, Nigeria and Rwanda. Universal Motors Limited, a licensed Volkswagen importer since 2005, has been awarded the assembly contract for the initial phase of the project. The Universal Motors facility in Accra has an installed capacity to assembly 5, 000 units per annum. The models to be assembled using Semi Knocked Down (SKD) assembly kits are Tiguan, Teramont, Passat, Polo and Amarok.
  • 07/31/20

    Volkswagen brand with effective crisis management in the first half of the year

    Business at the Volkswagen Passenger Cars brand was significantly impacted by the global Covid-19 pandemic in the first half of 2020. However, effective countermeasures reduced the impact of the crisis. Through strict cost management the brand substantially reduced its general overhead costs, expenditures for research and development and capex year-on-year. In addition, production was strictly oriented toward customer demand, leading to a considerable reduction in inventories compared with the prior-year period. Deliveries to customers by the core brand of the Volkswagen Group were down 26.7 percent in the first half of 2020 to 2.2 million vehicles. Sales revenue decreased by approximately EUR 16 billion (–35.3 percent) to around EUR 29 billion. As a consequence, the Volkswagen brand’s operating result before special items fell to EUR – 1.5 billion from an operating profit of EUR 2.3 billion in the previous year.
  • Volkswagen Group measures reduce the effects of Covid-19 in the first half of the year

    Business at the Volkswagen Group and its brands was strongly affected by the Covid-19 pan-demic in the first half of 2020. Countermeasures initiated at an early stage to reduce costs and safeguard liquidity were successful and therefore reduced the effects of the crisis. Due to production consistently oriented toward customer demand, the Group achieved a strin-gent inventory management and thus a significant decrease in funds tied up in working capital. Overall, net liquidity in the Automotive Division could be risen by EUR 0.9 billion compared with the first quarter of 2020 to EUR 18.7 billion, also due to the issuance of hy-brid notes amounting to EUR 3.0 billion. Deliveries to customers fell year-on-year by 27.4 percent to 3.9 (5.4) million vehicles. As a result, sales revenue decreased by 23.2 percent to EUR 96.1 (125.2) billion. Operating result before special items amounted to EUR –0.8 (10.0) billion. The main reason for this development was lower unit sales caused by the sharp fall in customer demand. The fair value measurement of derivatives to which hedge accounting is not applied (in particular commodity hedges) and exchange rate effects of EUR –0.9 billion are virtually offset by a non-cash gain of EUR 0.8 billion on the contribu-tion of Autonomous Intelligent Driving (AID) into the autonomous driving joint venture with Ford. Special items relating to the diesel issue weighed on the operating profit with EUR –0.7 (–1.0) billion. Earnings before tax decreased to EUR – 1.4 (9.6) billion.
  • Volkswagen supports nonprofit “42Wolfsburg” programming school

    Volkswagen is supporting the construction and operation of a free programming school in Wolfsburg. The association called “Verein 42Wolfsburg e.V.” is setting up an IT hotbed called “42Wolfsburg” in cooperation with the private, nonprofit École 42 based in France. It is planned to open the coding school in Markthalle Wolfsburg in early 2021. Volkswagen will be donating €3.7 million in the first year, and a further two million euros annually in the following years. Next year, up to 600 students are already expected to be training in Wolfsburg’s Markthalle under an innovative learning concept with no teachers or formal classes. They will learn their skills under a peer-learning concept.
  • Voluntary tests available - Tests for Volkswagen employees with symptoms of corona

    Volkswagen is to offer its workforce voluntary corona tests and will be setting up walk-through containers to collect samples at its German locations. The company is thus doing its best to prevent the effects of a renewed outbreak of the coronavirus (Covid-19) and making a further contribution toward protecting against the spread of the virus. “For Volkswagen, protecting the health of our colleagues continues to have the highest priority. In the event of a possible second wave of corona, we want to be as best prepared as possible with this testing capability”, Board Member for Human Resources, Gunnar Kilian, said. “The aim is to identify cases of infection very early and systematically prevent the virus from spreading any further. That is fundamental to protecting the health of the workforce and avoiding the threat of another lockdown.” Currently, the infection status at Volkswagen AG is at a good level.
  • Volkswagen brings additional partners to Industrial Cloud

    Volkswagen, together with Amazon Web Services (AWS) and integration partner Siemens, is opening up the Industrial Cloud to other manufacturing and technology companies. New partner companies will be able to connect with Volkswagen plants and to contribute their own software applications for optimizing production processes to the Industrial Cloud. This way, a rapidly growing range of industrial software applications for Volkswagen’s plants will be created. Each location will be able to obtain applications for its machinery, tools and equipment direct from the Industrial Cloud to optimize production (app store approach). The Volkswagen Group expects significant efficiency and productivity gains at its plants. The partner companies will be able to scale and further develop their applications in one of the world’s largest automobile production networks. This will also enable them to optimize their own processes and products. As a first step, eleven pioneering international companies, ABB, ASCon Systems, BearingPoint, Celonis, Dürr, GROB-WERKE, MHP, NavVis, SYNAOS, Teradata and WAGO, will be joining the Industrial Cloud.
  • Volkswagen honors top suppliers

    For the 18th time, Volkswagen has presented the Volkswagen Group Award to its top suppliers throughout the world. A total of eight companies in six categories reflecting future-oriented topics were honored. This year, the awards were presented to the winners by mail instead of in person as is usually the case. Frank Witter, CFO of the Volkswagen Group and interim Board Member with responsibility for Procurement: “We would like to thank all the award-winning companies for their outstanding dedication. Our tremendous success with the transformation of the Volkswagen Group towards e-mobility is also due to close cooperation with strong, innovative suppliers.”
  • 07/20/20

    New Production Board Member for Volkswagen Passenger Cars brand

    Dr. Christian Vollmer, formerly Executive Vice-President for Production and Logistics of the SEAT brand, has been appointed Production Board Member of the Volkswagen Passenger Cars brand effective August 1, 2020. In this function, he succeeds Dr. Andreas Tostmann, who has been appointed new CEO of MAN Truck & Bus SE with effect from July 16.
  • Markus Duesmann takes charge of Car.Software organization at the Volkswagen Group

    The central development of a software platform for the Volkswagen Group is picking up speed. As part of his Group-wide responsibility for research and development, the CEO of Audi, Markus Duesmann, has also taken charge of software. With its own operating system for all Volkswagen Group models, an automotive data cloud and a new electronics architecture, the cross-brand Car.Software organization set itself a tight schedule for the coming years in early July. Its new CEO is to be Dirk Hilgenberg, most recently Senior Vice President Manufacturing Engineering at the BMW Group. The organizational focus of the Car.Software organization is to be at the IN Campus high-tech hub in Ingolstadt.
  • 07/13/20

    Emission-free mobility for all: sales of ID.3 start on July 20

    Four weeks after the start of ordering for the limited ID.3 1ST for pre-bookers, Volkswagen is opening the ordering system to the public on July 20, 2020. Customers in many European countries will be able to choose from seven pre-configured ID.3 models at dealerships and to order the appropriate charging equipment at the same time. Buyers will benefit from attractive concessions for charging via WeCharge for up to 3 years. All seven ID.3 models will be eligible for the maximum state subsidy of €9,480 granted as an environmental bonus in Germany. Subsidies will also be available for the ID.3 in many other European countries.
  • 07/09/20

    Volkswagen donates one million dollars for reforestation in Australia

    Following the devastating bush fires at the beginning of the year, Volkswagen is now do-nating one million Australian dollars (about 617,000 euros) to "Bush Heritage Australia" for bush fire and reforestation projects in Australia. The "One Million Trees Project" in the Eurardy Nature Reserve in Western Australia will receive 250,000 dollars and a project to restore 400 hectares in the Scottsdale Reserve in New South Wales will receive 750,000 dollars.
  • 07/09/20

    Volkswagen strengthens Bochum software location

    Die Volkswagen Infotainment GmbH is planning a new development center at the Bochum technology campus Mark 51°7. The subsidiary of Volkswagen AG specializing in software development and vehicle connectivity intends to group its specialists together at a central facility. The new building is to lay the foundation for further personnel growth at the Bochum location. In the presence of the Mayor of the City of Bochum, Thomas Eiskirch, and the Chief Financial Officer of the Car.Software organization in the Volkswagen Group, Frank Rösler, the Managing Directors of Volkswagen Infotainment, Bernhard Krausse and Tobias Nadjib, announced the decision on the project today. Construction is already to start in the fall of 2020.
  • 07/06/20

    Emden plant embarks on new era of e-mobility

    Even in the coronavirus crisis, the Volkswagen brand is consistently moving ahead with the changeover of its plants to e-mobility in line with its plans. The conversion of the Emden plant has already started and the first electric cars are to roll off the production line there from 2022. Ralf Brandstätter, CEO of the Volkswagen brand, says: “With the conversion of our plant at Emden into a production location for electric vehicles, Volkswagen is forcing the pace of system change. All in all, the company will invest about €1 billion in the transformation of the factory. Emden will be developed into a cornerstone of our electric strategy.” Andreas Tostmann, Board Member responsible for Production and Logistics, said: “We are transforming Emden into one of the most advanced plants in our industry.” General Works Council Chairman Bernd Osterloh emphasized: “Our workforce in Emden has special ties with the plant. This has been confirmed by the recent personnel transfers. I am convinced that the Passat, Arteon and ID.4 will be a tremendous success for the team. This is a strong product mix for a strong location.”
  • Major donation by Volkswagen complete

    All the medical supplies which the Volkswagen Group is donating within the framework of its coronavirus support have now arrived in Germany. The final consignment has been shipped from China to Germany. All in all, the donation includes almost 10 million face masks, 6 million pairs of disposable gloves, 300,000 sets of protective clothing, 200,000 protective goggles, 10,000 infrared thermometers and 250,000 liters of disinfectants.
  • Change in Board of Management of Volkswagen Financial Services AG

    Effective August 1, 2020, Dr. Alexandra Baum-Ceisig has been appointed Member of the Board Management of FS AG responsible for HR & Organization. She succeeds Christiane Hesse, who is retiring for age reasons.
  • Computer Vision to make production within the Volkswagen Group even more efficient

    In production, the Volkswagen Group is continuously moving ahead with future-oriented technologies and digitalization. “Industrial Computer Vision” image recognition and processing technology is to help improve productivity in production by 30 percent from 2016 to 2025. “The use of this technology offers considerable potential for making our production plants even more efficient. By 2024, we already expect cost reductions running into the double digit million euro range throughout the group,” says Gerd Walker, Head of Volkswagen Group Production. “The focus is on applications which we can develop at one location and then roll out throughout the Group.” The first two Computer Vision solutions from Porsche and Audi are currently being prepared for Group-wide rollout and connection to the Volkswagen Industrial Cloud.
  • Note to editors: Changes at Volkswagen Communications

    Changes at Volkswagen Communications: Nicole Mommsen takes over as Head of Corporate Communications for the Volkswagen Group and the Volkswagen brand effective August 1, 2020. She succeeds Dr. Marc Langendorf, who left the company at his own request on May 1, 2020. Nicole Mommsen reports to Peik von Bestenbostel, Head of Volkswagen Group Communications. Communications is also realigning its management structure in light of the recent changes in the Volkswagen brand Board of Management. The new Head of Communications at the Volkswagen Passenger Cars brand effective July 1, 2020, is Robin Aschhoff. In this function, he reports to the CEO of the Volkswagen Passenger Cars brand, Ralf Brandstätter.

Stories

07/21/21

Head meets Heart – ID.4 GTX

SUVs are booming. Their drivers love the sense of space and the sporting driving pleasure. But is it still in keeping with the times in light of the impending climate disaster? Frank Bekemeier, Chief Technology Officer for Electric Mobility at Volkswagen, and Jens Obernolte, Head of Energy and Weight Management, explain how the ID.4 GTX reconciles environmental awareness and driving pleasure.
07/09/21

Colourful like life: Volkswagen in football

With the final between Italy and England at Wembley Stadium, UEFA EURO 2020TM draws to a close. For Volkswagen, the final is simply a stopover; the commitment to diversity lives on.

Visiting Carl Hahn on his 95th Birthday

On July 1, 2021, Carl Hahn will be 95 years old. The former Volkswagen CEO looks back on his past and shares his vision of the future.
06/21/21

“Software opens the door to new business models”

The Volkswagen brand is undergoing the most radical transition in its history. After e-mobility, software is set to become the next big game changer. Thomas Ulbrich, member of the Board of Management for Development, and Klaus Zellmer, Board Member for Sales, Marketing and After Sales, explain how the transformation will be achieved.
06/02/21

Green light for the electric island

The Greek island of Astypalea is set to become an electric island. This was agreed on by Volkswagen and the Greek government. Now, Volkswagen boss Herbert Diess and Prime Minister Kyriakos Mitsotakis have handed over the first electric cars.

Volkswagen is Committed to Biodiversity

At Volkswagen, biodiversity and the sustainable use of resources play an important role. On the United Nation’s international biodiversity day, the group is launching a call to all of its employees.
04/29/21

All-green electric: The ID. Family goes carbon-neutral

Volkswagen has committed itself to the Paris climate agreement. Which is why the company delivers ID. Family vehicles to customers with a carbon-neutral balance. In order that electric vehicles remain carbon-neutral during their usage phase, they must be charged with green electricity. To ensure that this is in good supply, Volkswagen supports investments in the generation of additional green electricity.

Earth Day at Volkswagen: “I’m a professional climate protector”

To mark Earth Day on 22 April, the Volkswagen Group is giving all employees the opportunity to get involved in #Project1Hour: 660,000 employees will be given one hour, with their teams, to develop their own ideas to fight global warming. We introduce two Volkswagen brand employees who work to protect the climate on a daily basis. Motto: “I’m a professional climate protector.”

More on this topic

Five years ago, we launched the transformation of the Volkswagen brand: With the TRANSFORM 2025+ strategy, the company has completely realigned itself. We have renewed our model range from the ground up. Volkswagen has made a clear commitment to e-drive vehicles. We are already on our way to CO₂-neutral mobility for all!
The history of the Volkswagen brand began with the “Käfer”; development work on this Nazi prestige project began in 1934. On May 28, 1937, the “Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH“ (Company for the Preparation of the German Volkswagen Ltd.) was formally established. The name was changed to “Volkswagenwerk GmbH” in 1938, and the company built its main plant in what has become Wolfsburg. However, the outbreak of war and integration in the arms industry prevented mass production of the Volkswagen (“people’s car”) – instead, military vehicles and other armaments were produced using forced labor.